2025-06-12T09:01:31-07:00 2024-07-31 135565207 KPMG LLP 500 W 5th Street Ste 800 Winston Salem NC 27101 990 2023-08-01 986001062 CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD CHAN Wellington Square Oxford Oxfordshire UK OX1 2JD Sally McKinlay Head of Tax 1865616160 2025-06-12 1 1 Brian Kearns P02061479 3364337102 2025-06-12 2023 2025-03-06 01:10:19Z Oxford University Professor Irene Tracey Wellington Square Oxford UK OX1 2JD 3631902862 0 X www.ox.ac.uk X 1096 UK The principal objects of the University are the advancement of learning by teaching and research and its dissemination by every means. We work as one Oxford bringing together our staff, students and alumni, our colleges, faculties, departments and divisions to provide world-class research, education and academic and educational publishing. We do this in ways which benefit society on a local, national and global scale. We build on the University's long-standing traditions of independent scholarship and academic freedom while fostering a culture in which innovation and collaboration play an important role. We are committed to equality of opportunity and to engendering inclusivity. We believe that diverse staff and students strengthen our research and enhance our students' learning. 25 4 0 4 3333426 196818 1013520465 1143957854 2074861568 2115459195 208492158 226991696 125208730 143114058 3422082921 3629522803 152817774 169318844 0 0 1488571824 881166694 0 0 17846142 1537381526 1597218151 3178771124 2647703689 243311797 981819114 10422011962 11256440917 3722439860 3229134623 6699572102 8027306294 The principal objects of the University are the advancement of learning by teaching and research and its dissemination by every means. We work as one Oxford bringing together our staff, students and alumni, our colleges, faculties, departments and divisions to provide world-class research, education and academic and educational publishing. We do this in ways which benefit society on a local, national and global scale. We build on the University's long-standing traditions of independent scholarship and academic freedom while fostering a culture in which innovation and collaboration play an important role. We are committed to equality of opportunity and to engendering inclusivity. We believe that diverse staff and students strengthen our research and enhance our students' learning. 0 0 796748071 94338208 695489531 Education: 2023/24 HIGHLIGHTS * 1st in the Times Higher Education (THE) World University rankings * 26,390 students at Oxford, including 12,470 undergraduates and 13,920 postgraduates * 23,211 applications for 3,219 undergraduate places for 2023/24 entry * 22.3% of undergraduates admitted during 2023/24 are from the most disadvantaged backgrounds In 2023/24, the University enhanced its undergraduate financial support package, providing nearly $13m in bursary support to UK students from lower income-households, including the expansion of both the Crankstart Scholarship and the Reuben Scholarship programmes. In the 2024 UCAS cycle, undergraduate applications increased by 0.6%, while the number of admitted students decreased by 1.7%. The most significant declines were observed amongst applicants and admitted students from the EU. The Undergraduate Admissions Office remains actively engaged with colleagues across the collegiate University to examine the ongoing effects of the pandemic, particularly in relation to educational disruption and learning loss. Disadvantaged students are identified during the admissions process through the continued use of contextual data, which now includes eligibility for free school meals, an important new indicator not previously available. In 2023, in-person outreach initiatives resumed, with the flagship UNIQ programme adopting a hybrid model. A total of 1,091 participants attended a 3-day residential course in Oxford, while an additional 230 joined an online academic programme and were fully funded to attend the University Summer Open Day. A highlight of the year was the launch of the Vice-Chancellor's Colloquium, a new initiative aimed at giving undergraduate students the opportunity to learn outside their core discipline and broaden their skills. Built around the theme of climate change, this brought together 200 students from all subjects and colleges, to hear lectures on the subject from leading scholars in the sciences, social sciences and humanities, and to take part in a series of interdisciplinary classes aimed at building their mathematical, reasoning and communication skills. The Colloquium will be repeated with larger numbers this year, with the aim of adding additional themes in future. Graduate admission applications in the 2023/24 admission cycle increased by approximately 11%, surpassing 40,000 overall. This rise includes increases from all regions: the UK, EU and the rest of the world. The UNIQ+ graduate access research internship programme marked its fifth year, welcoming 120 students from disadvantaged backgrounds in Oxford for seven weeks. The University also maintained its equal partnership with the University of Cambridge in the "Close the Gap" project, a four-year initiative that began in January 2022. Co-funded by the Office for Students and Research England, this project aims to improve access to doctoral study for Black British, British Bangladeshi and British Pakistani students. Sixteen departments across both institutions have piloted a range of initiatives. The Department for Continuing Education plays a vital role within the University of Oxford, offering a remarkable platform for non-traditional learners worldwide to achieve their academic and professional goals, by expanding outreach and fostering accessible, inclusive, and digital education, supporting students and lifelong learners throughout their educational journey. The Department stands as one of the UK's leading centres, recognised for its expertise in areas such as lifelong teaching and learning, digital pedagogy and assessment, flexible modular provision and award of academic credit. Its extensive portfolio serves around 21,000 students annually, reaching local, national, and international learners. The Department offers a wide range of part-time courses, including postgraduate certificates and diplomas, Masters' degrees, DPhils, undergraduate certificates, diplomas and advanced diplomas, short accredited courses and professional development programmes. In the year the Department continued its expansion of Open Access courses, including summer schools, the introduction of the Astrophoria Foundation Year, and increased income for postgraduate courses. The University seeks to equip all its students with the skills and knowledge to succeed in future study or employment. Outside the curriculum, support provided for students included the following: * Careers advisers offered personalised support to students, researchers and alumni in approximately 7,000 one-to-one advice appointments * The Careers Service organised over 200 events, including the Creative Careers Week and Careers Beyond Academia conference tailored for researchers * The University hosted nine in-person careers fairs, attracting over 6,000 students, researchers and alumni, along with 336 recruiting organisations * Innovative skill development programs, including the Oxford Strategy Challenge, the Future Leaders Innovation Programme and the Student Consultancy, gave hundreds of undergraduate and postgraduate students the chance to participate in authentic business projects with real organisations, both locally and internationally * Over 4,500 students submitted more than 8,500 applications for approximately 2,000 exclusive internships advertised through the Internship Office, both in the UK and internationally. These opportunities encompassed the Summer Internship, Micro-Internship and the Crankstart Internship Programmes. 633260673 74980636 533802572 Research: 2023/24 HIGHLIGHTS * For the ninth consecutive year, ranked first in the Times Higher Education (THE) worldwide ranking of universities (both overall and for the research environment) * Highest overall research income of any UK university including highest for UK charities, UK public sector, industry and the European Commission * Oxford is the recipient of the highest quality-related recurrent funding for research of any UK university in 2024/25 * Oxford University retains top spot as the leading UK academic institution for generating spinouts The University research activity is extensive, engaging over 2,000 academics, more than 5,000 research staff and over 7,300 postgraduate research students. Collaborating with universities, research organisations, healthcare providers, businesses, community groups, charities and government agencies, both nationally and internationally, the University drives significant public benefits. These include enhanced public policy, improved health outcomes, economic prosperity, social cohesion, international development, community identity, and achievement in the arts, culture and overall quality of life. In 2023/24 the University received 2,481 new research awards, amounting to a cumulative value of $1,227m which will be utilised over the duration of the awards in the coming years. Additionally, Research England provided crucial support through Quality Related (QR) recurrent grant funding totalling $213m . Selected research funding highlights in the past year include: * $27m received from the UK Research Councils for a quantum computing research hub to develop the technologies needed in the development of quantum computers * $106.5m in core funding from Wellcome over seven years to support the Africa and Asia Programme of research focused on infectious diseases * $19m from the European Research Council to support four Consolidator grantees in establishing their own research teams and to recognise four Advanced Grantees for their ground-breaking projects and significant research achievements * $14m awarded by the Serum Institute of India for the phase 3 trial of the R21/Matrix-M malaria vaccine. Recent data confirm the vaccine's high efficacy and favourable safety profile in African children * $5m from Wellcome to establish one of eight research discovery platforms. the Discovery Research ANTITHESES Platform for Transformative Inclusivity in Ethics and Humanities Research. This platform will focus on developing new concepts, methods, and tools to address conflicting societal values and promote inclusivity in ethics and humanities research. In recognition of the University's excellence in both Education and Research, in 2023/24 eighteen of our academic and professional staff were awarded National Honours by the King; nine were elected as Fellows of the Royal Society; eight were elected as Fellows of the Academy of Medical Sciences; another eight as Fellows of the British Academy; three to the Academy of Social Sciences; and two to the Royal Academy of Engineering. 760850274 0 756531907 Academic and Educational Publishing: 2023/24 HIGHLIGHTS * Added 7,500 books to Oxford Scholarship Online * Academic titles won 71 major awards * Reached 55m learners across 157 countries through education publishing * 2,000 researchers and 1,280 educators surveyed about their views on AI * 300% increase in sessions on the Oxford English Hub Through Oxford University Press, the University serves three core publishing markets: Research, the Learning of English, and Education, and is committed to creating high quality content supporting research and education, and making that content available all over the world. The Press's Academic division continued to expand and enhance its digital offer. On Oxford Academic - its main platform for research content - it implemented developments to improve speed, as well as discoverability. 7,500 books were also added to the Oxford Scholarship Online archive, increasing the amount of available content on the platform by around 30%. Furthermore, the Press reached new markets through its research content with new digital sales in Nigeria, Tunisia, El Salvador, and Uzbekistan. Other highlights included collaborating with digital service provider, Silverchair, to create Sensus Impact - an online platform that gives users visualized reporting on the reach of funded research; publishing the latest version of the Oxford Handbook of Clinical Medicine, the world's best-selling pocket medical handbook; and the announcement of the forthcoming research resource, Oxford Intersections, launching in 2025, which will combine original research from different academic disciplines centred on complex global topics. The Press maintained its commitment to open access, increasing the number of open access journals that it published. The reach of open access content continues to increase, with new Read and Publish agreements in multiple markets including new markets in Canada, Mexico, and Kazakhstan. Academic book publishing maintained its track record for winning major industry prizes, with titles winning 71 major awards. To further its language expertise, the Press updated the Oxford English Dictionary (OED) website, OED.com, to improve the user experience and make it easier to find content. In the Education division, the Press supported learners worldwide, reaching 55m children across 157 countries, and continuing to enhance its digital offer with its core platforms being used by more than 2.5m learners. Among the new services launched to support learners and educators are a digital learning hub for in Kenya, and a digital assessment platform in Hong Kong. Additionally, to support readers in South Africa, the Press added 120 titles in four local African languages. In English Language teaching too, digital platform reach continues to grow, with the number of users growing by around 10% and the Oxford English Hub, the core online platform achieving a 300% increase in user sessions. To continue to build and connect the English language community across the world, the Press established a new podcast series, Talking ELT, and its flagship English Language Teaching Online Conference achieved record engagement among teachers, with 170,000 views with downloads of teacher toolkits. Several position papers were published, providing advice on different aspects of language teaching. Topics included multimodality, with a focus on expanding learners' communications skills; self-regulated learning; and how to support and teach refugees. 374967545 133366868 Other Program Services: This is generated from a variety of sources, working with national and international organisations, both private and not-for-profit. Our work encompasses multiple projects further expanding the boundaries of commercial, scientific and academic knowledge and disseminating this through a variety of appropriate means. 374967545 0 133366868 2565826563 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 X 12604 595 1 0 1 1 1 AS BU CA CH CI EG EZ FR GM HK HU IN IT KS LO PE PK PL SF UK UP VM 0 0 0 0 0 0 0 0 0 0 0 0 X 25 4 0 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X X Mrs Sally McKinlay 1865616131 Wellington Square Oxford Oxfordshire UK OX1 2JD Nigel Portwood Chief Executive of Oxford University Press 40 0 X 1703474 0 0 Tim Fulton OUP - Chief Transformation Officer 40 0 X 1038834 714 0 Fathima Dada OUP - Managing Director - Education 40 0 X 1010169 8557 0 David Clark OUP - Managing Director - Academic 40 0 X 913791 8557 0 Giles Spackman Group Finance Director, OUP 40 0 X 750116 0 0 Professor Soumitra Dutta Dean and Professor of Management, SBS 40 0 X 545191 102180 0 Professor Irene Tracey Vice-Chancellor 40 0 X X 516942 94601 0 Professor Louise Richardson Former Vice-Chancellor 0 0 X 585709 0 0 Professor Andrew Stephen Dep Dean - Faculty & Research, SBS 40 0 X 509285 72687 0 Professor Gavin Screaton Head of the Medical Sciences Division 40 0 X 408894 49226 0 Simon Boddie Chief Financial Officer 40 0 X 340745 40889 0 Professor David Gann Pro Vice Chancellor with portfolio 40 0 X 339770 40799 0 Dr David Prout Pro Vice Chancellor with portfolio 40 0 X 306671 36800 0 Gill Aitken Registrar 40 0 X 293040 35165 0 Professor Chas Bountra Pro Vice Chancellor with portfolio 40 0 X 257852 40156 0 Professor Anne Trefethen Pro Vice Chancellor with portfolio 40 0 X 231706 50049 0 Mr Richard Ovenden Bodley's Librarian & Head of GLAM 40 0 X 241618 38600 0 Professor Patrick Grant Pro Vice Chancellor with portfolio 40 0 X X 224130 48170 0 Professor Martin Williams Pro Vice Chancellor with portfolio 40 0 X 224930 41172 0 Professor Timothy Power Head of the Social Sciences Division 40 0 X 198542 42688 0 Professor Daniel Grimley Head of the Humanities Division 40 0 X 198210 42688 0 Professor Sam Howison Head of MPLS (to Sep 23) 40 0 X 187529 34259 0 Professor Patricia Daley Council Member 5 0 X 0 0 0 Professor Jane Mellor Senior Proctor (to Mar 23) 5 0 X 0 0 0 Dr Linda Flores Junior Proctor (to Mar 23) 5 0 X 0 0 0 Dr Kathryn Murphy Senior Proctor (from Mar 23) 5 0 X 0 0 0 Professor David Kirk Junior Proctor (from Mar 23) 5 0 X 0 0 0 Dr Richard Earl Assessor (to Mar 23) 5 0 X 0 0 0 Professor Joseph Conlon Assessor (from Mar 23) 5 0 X 0 0 0 Baroness Jan Royall Chair of the Conference of Colleges (to Sep 23) 5 0 X 0 0 0 Dame Helen Ghosh Chair of the Conference of Colleges (from Oct 23) 5 0 X 0 0 0 Mr Tom Fletcher Council Member 5 0 X 0 0 0 Professor Kia Nobre Council Member (to Sep 23) 5 0 X 0 0 0 Fra John Eidinow Council Member (to Sep 23) 5 0 X 0 0 0 Professor Diego Sanchez-Ancochea Council Member 5 0 X 0 0 0 Professor Richard Hobbs Council Member 5 0 X 0 0 0 Professor Sir Rory Collins Council Member 5 0 X 0 0 0 Professor Alex Schekochihin Council Member 5 0 X 0 0 0 Professor Nandini Gooptu Council Member 5 0 X 0 0 0 Professor Proochista Ariana Council Member 5 0 X 0 0 0 Professor Sir Charles Godfray Council Member 5 0 X 0 0 0 Professor Cecile Fabre Council Member 5 0 X 0 0 0 Professor Krina Zondervan Council Member (from Oct 23) 5 0 X 0 0 0 Professor Sam Wolfe Council Member (from Oct 23) 5 0 X 0 0 0 Ms Sharmila Nebhrajani Council Member 5 0 X 0 0 0 Ms Wendy Becker Council Member 5 0 X 0 0 0 Sir Chris Deverell Council Member 5 0 X 0 0 0 Mr Charles Harman Council Member 5 0 X 0 0 0 Mr Nicholas Kroll Council Member 5 0 X 0 0 0 11027148 827957 0 1572 1 1 0 0 0 0 53317404 776788869 313851581 13739934 1143957854 Education 611310 695489531 695489531 0 0 Research 541700 533802572 533802572 0 0 Publishing 513100 756531907 752620406 3911501 0 Sales and Services 611400 26995996 26995996 0 0 Other project income 541700 17282714 17282714 0 0 85356475 85356475 0 0 2115459195 229371755 0 -578075 229949830 0 0 0 0 108698110 0 0 108698110 30684265 0 0 0 30684265 0 30684265 0 0 30684265 0 0 2380059 0 -2380059 0 -2380059 0 0 -2380059 0 Exchange Reserve 900099 3731683 3731683 0 0 0 0 0 0 3731683 3629522803 2115279377 3333426 366952146 0 0 0 0 169318844 169318844 0 0 11855108 6454878 5400230 0 0 0 0 0 709351095 673931504 26374170 9045421 91634926 86448446 4037188 1149292 0 0 0 0 68325565 64458381 3010240 856944 0 0 0 0 13033864 8793581 4072989 167294 3205199 682079 2522972 148 0 0 0 0 0 0 0 0 0 0 135776701 121290273 12312704 2173724 7041928 6611301 109044 321583 237318520 236807787 359008 151725 112784538 108322859 3610474 851205 9937349 9752348 154527 30474 112819714 115391295 -3472035 900454 41522439 40625433 563856 333150 0 0 0 0 30573338 29029191 1271141 273006 59809419 59809419 0 0 189466727 188927791 202436 336500 164586928 162382692 1752637 451599 10058793 9815892 21458 221443 Printing and Publications 461795203 461669644 109115 16444 Staff Training 5730757 4565895 624056 540806 Dues and Subscriptions 3474657 2453743 985987 34927 Miscellaneous expenses -1717923 -1716713 8787 -9997 0 2647703689 2565826563 64030984 17846142 0 931978835 859063874 298970720 371300011 339614711 389676348 0 0 0 89871366 96284142 115190821 114373024 3479793970 1326224947 2120749529 2153569023 723328418 788941601 5182250836 5663991695 135244714 130715252 142852350 159276986 341959662 529248961 10422011962 11256440917 256155997 344082586 547479946 557575685 551381704 591481438 0 0 0 0 0 0 0 0 1622678970 1622941024 744743243 113053890 3722439860 3229134623 X 0 0 0 0 6699572102 8027306294 6699572102 8027306294 10422011962 11256440917 X 981819114 316327176 0 0 0 29587902 X 0 1 X 1 0 X 1030892794 1025256100 968226929 1137565464 1143957854 5305899141 0 0 0 0 0 0 0 0 0 0 1030892794 1025256100 968226929 1137565464 1143957854 5305899141 5305899141 220873736 239290323 375782929 343138152 368754129 1547839269 1348647 371437 810886 442013 196818 3169801 2324124 0 8781260 0 3731683 14837067 6871745278 10289790630 0.77213 0.78187 X Schedule A, Part II, Line 10 Other income comprises movement in exchange and revaluation reserves. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13319736 157481881 0 0 X X X X 0 2039645032 196335774 200048679 33522722 42419629 7298051 2352789083 1973474411 69133442 67107113 28218688 35707908 6143338 2039645032 2137345556 65631276 -171719871 23270291 29446210 5066049 1973474411 1697902141 60211149 436472041 23051703 29169610 5018462 2137345556 1589430041 147487424 13590113 21185355 26807934 4612148 1697902141 0 0.703 0.297 1 1 1 0 126508383 126508383 444703847 2624590878 1175105895 1894188830 0 20407419 13197103 7210316 0 263583443 137921949 125661494 0 0 0 0 2153569023 0 0 Managed Fund 4858225915 F Unquoted spinout companies 258859094 F 3rd Party Managed 472925411 F Other Securities 73981275 F 5663991695 Amounts due to subsidiaries 16796891 FRS 17 Creditor (pension deficit) 86067715 Provision for liabilities and charges 10189284 113053890 Schedule D, Part III, Line 4 The University of Oxford collections relate to museums, libraries, and other collections. The University objectives are to make the collections a focus for research, teaching, and collection-based scholarship within the University. The collections are used as a research resource for a wide range of scholarly users, a facility for interaction between the University and the public and an active contributor to the region's cultural development. The Gardens, Libraries and Museums (GLAM) which host our collections played a significant role in research during 2023/24, contributing to 153 published research outputs. The University's four museums secured substantial financial support for the UK researcher community through the UKRI/Research England Higher Education Museums, Galleries and Collections Fund, with Oxford receiving the largest allocation of any UK institution, more than $26m over five years. GLAM continued to offer essential services to its public and academic users throughout 2023/24, welcoming over 3.5 million visitors to our sites, representing a 13% increase in visits against 2022/23, marking the highest visitor numbers since the pandemic. The Bodleian Libraries saw a return to pre-pandemic levels of study and research visits to its reading rooms in 2023/24, with over 1.9m visits, and a record level of digital engagement, with nearly 19.5m searches made on Search Oxford Libraries Online (SOLO), the University's library catalogue, and 18.6m uses of e-books and e-journals. Following the reopening of the Radcliffe Science Library in October 2023, the library welcomed 105,000 reader visits, and the Bodleian Old Library and Radcliffe Camera experienced record levels of footfall reflecting their continued significance as central hubs for learning and research. Over 58,000 items from the Libraries' Special Collections were consulted, further highlighting their importance to research and scholarship. GLAM continues to provide educational and school sessions to students from across Oxfordshire and beyond, in 2023/24 delivering nearly 5,000 education or self-directed school sessions to over 111,000 students. In addition, GLAM is actively engaged in the local community and works with audiences traditionally under served by the sector. In 2023/24, it led 2,265 outreach and community engagement activities, reaching 98,000 people across Oxfordshire and beyond. GLAM delivered an innovative public programme throughout the year, showcasing exhibitions on a wide array of topics and collections. Its collaborations with communities were celebrated, with the MultakaOxford project winning Community Engagement Project of the Year at the 2024 Museum and Heritage Awards. Exhibitions and programmes in year include * At the Ashmolean Museum - Bruegel to Rubens, an exhibition showing 120 of the most outstanding drawings from the 16th and 17th century Flemish Masters * At the Museum of Natural History - Fair Water? The inequality below the surface, an immersive journey along a river from source to mouth, highlighting global problems around water scarcity and quality through research, art and interactive installations * At the Pitt Rivers Museum - Ma uka to Ma kai: Quilting the Hawaiian Landscape, a special exhibition exploring the past, present, and future of the ahupua'a system * At the History of Science Museum - The Disease of Greed, a curated collection about fake medicines, how to spot them and the researchers working on solving this public health problem * The Museum of Natural History also revamped its main court displays, offering a fresh aesthetic perspective on key concepts about the natural world. * Additionally, GLAM played the vital role in supporting the #OxfordKafka24 programme, a University-wide series of academic and public events in 2024, celebrating Franz Kafka's life and global appeal 100 years after his death. Schedule D, Part V, Line 4 The University holds a large amount of funds on trust to be applied for specific purposes narrower than the University's general purposes of teaching and research. These funds have accumulated over many years, and have arisen almost entirely from donations received from University benefactors . Since its very beginning, the University has relied on philanthropic support to advance its mission and to sustain academic freedom. Over the centuries, many buildings, institutions, teaching posts, research posts and scholarships have been funded by the generosity of donors. Further information about individual trusts can be found at https://governance.admin.ox.ac.uk/about-trust-funds. Donors may specify that monies donated are to be permanently invested to generate an income stream either for a specific purpose or for the general purposes of the University. These funds are then accounted for as permanent endowments. Where the donor has specified a particular objective, and that the University must or may convert the donated sum into income, the fund is classified as a restricted expendable endowment. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 A racially discriminatory policy would be illegal within the UK so it would be unusual for the University to make such a statement. However, the University's undergraduate and postgraduate admissions websites and prospectuses make it clear that admissions decisions are taken within the framework of the University's Equality Policy and the Equality Act 2010, and specifically that "Oxford is committed to recruiting the best candidates from all backgrounds and all identities. The University is committed to fostering an inclusive culture which promotes equality and values diversity." Schedule E, Part I, Line 6 Oxford University receives various forms of grants and aid from U.K government agencies including via the Office for Students (OfS). Research funding is received from a variety of US governmental agencies. 1 East Asia and the Pacific 1 102 Program Services Publishing, Education and Research 21209049 Europe (including Iceland and Greenland) 6 21277 Program Services Publishing, Education and Research 2371141888 South Asia 1 465 Program Services Publishing, Education and Research 42303791 8 21844 2434654728 Europe (including Iceland and Greenland) Research and Education 1151642 Wire Transfer Europe (including Iceland and Greenland) Research and Education 641850 Wire Transfer Europe (including Iceland and Greenland) Research and Education 513480 Wire Transfer Europe (including Iceland and Greenland) Research and Education 279180 Wire Transfer Europe (including Iceland and Greenland) Research and Education 269577 Wire Transfer Europe (including Iceland and Greenland) Research and Education 269577 Wire Transfer Europe (including Iceland and Greenland) Research and Education 180582 Wire Transfer Europe (including Iceland and Greenland) Research and Education 51348 Wire Transfer Europe (including Iceland and Greenland) Research and Education 38819 Wire Transfer Europe (including Iceland and Greenland) Research and Education 38197 Wire Transfer Europe (including Iceland and Greenland) Research and Education 27600 Wire Transfer Europe (including Iceland and Greenland) Research and Education 25672 Wire Transfer Europe (including Iceland and Greenland) Research and Education 21477 Wire Transfer Europe (including Iceland and Greenland) Research and Education 17263 Wire Transfer Europe (including Iceland and Greenland) Research and Education 13423 Wire Transfer Europe (including Iceland and Greenland) Research and Education 13423 Wire Transfer Europe (including Iceland and Greenland) Research and Education 12837 Wire Transfer Europe (including Iceland and Greenland) Research and Education 12837 Wire Transfer Europe (including Iceland and Greenland) Research and Education 12837 Wire Transfer Europe (including Iceland and Greenland) Research and Education 11874 Wire Transfer Europe (including Iceland and Greenland) Research and Education 11682 Wire Transfer Europe (including Iceland and Greenland) Research and Education 10270 Wire Transfer Europe (including Iceland and Greenland) Research and Education 10269 Wire Transfer Europe (including Iceland and Greenland) Research and Education 10180 Wire Transfer Europe (including Iceland and Greenland) Research and Education 10063 Wire Transfer Europe (including Iceland and Greenland) Research and Education 10013 Wire Transfer Europe (including Iceland and Greenland) Research and Education 8986 Wire Transfer Europe (including Iceland and Greenland) Research and Education 8087 Wire Transfer Europe (including Iceland and Greenland) Research and Education 7702 Wire Transfer Europe (including Iceland and Greenland) Research and Education 7510 Wire Transfer Europe (including Iceland and Greenland) Research and Education 7510 Wire Transfer Europe (including Iceland and Greenland) Research and Education 6419 Wire Transfer Europe (including Iceland and Greenland) Research and Education 5630 Wire Transfer Europe (including Iceland and Greenland) Research and Education 5502 Wire Transfer Europe (including Iceland and Greenland) Research and Education 5135 Wire Transfer Europe (including Iceland and Greenland) Research and Education 5135 Wire Transfer 33 3 Scholarships Europe (including Iceland and Greenland) 11000 82340310 Bank transfer 0 Doctoral Training Partnerships Europe (including Iceland and Greenland) 10000 66369011 Bank transfer 0 Other student support Europe (including Iceland and Greenland) 5000 10894444 Bank transfer 0 Placements and other PG training Europe (including Iceland and Greenland) 1200 2381461 Bank transfer 0 Hardship payments Europe (including Iceland and Greenland) 1000 2362826 Bank transfer 0 Prize Funds Europe (including Iceland and Greenland) 1500 1237206 Bank transfer 0 0 0 0 0 0 0 Schedule F, Part I, Line 2 Scholarships are granted to students enrolled for graduate study at the University of Oxford. The scholarships normally comprise of tuition fees, college fees and a maintenance grant. The University pays the tuition fees and college fees directly from its accounts through the Finance Division to the colleges, which ensures they are used for their intended purpose. The University pays the student's maintenance termly, and each student must collect the first payment in person (with identification). Each student is required to write a report at the end of their first term of study and at the end of each academic year. This report details their academic activities and progress, and extra-curricular activities in which they are involved. The maintenance grant is used by the students to help with living costs. The amount of this grant is a recommended amount calculated by a committee of bursars and is based on average costs of rent and living costs. X 1 1 X X X 0 0 0 1 1 1 1 0 0 Nigel Portwood Chief Executive of Oxford University Press 906522 0 773445 0 23507 0 0 0 0 0 1703474 0 0 0 Tim Fulton OUP - Chief Transformation Officer 528294 0 505380 0 5160 0 714 0 0 0 1039548 0 0 0 Fathima Dada OUP - Managing Director - Education 524347 0 485010 0 812 0 8557 0 0 0 1018726 0 0 0 David Clark OUP - Managing Director - Academic 473511 0 425574 0 14707 0 8557 0 0 0 922349 0 0 0 Giles Spackman Group Finance Director, OUP 282037 0 459060 0 9019 0 0 0 0 0 750116 0 0 0 Professor Soumitra Dutta Dean and Professor of Management, SBS 545191 0 0 0 0 0 102180 0 0 0 647371 0 0 0 Professor Louise Richardson Former Vice-Chancellor 543528 0 0 0 42181 0 0 0 0 0 585709 0 0 0 Professor Irene Tracey Vice-Chancellor 516942 0 0 0 0 0 94601 0 0 0 611543 0 0 0 Professor Andrew Stephen Dep Dean - Faculty & Research, SBS 509285 0 0 0 0 0 72687 0 0 0 581972 0 0 0 Professor Gavin Screaton Head of the Medical Sciences Division 408894 0 0 0 0 0 49226 0 0 0 458120 0 0 0 Simon Boddie Chief Financial Officer 340745 0 0 0 0 0 40889 0 0 0 381634 0 0 0 Professor David Gann Pro Vice Chancellor with portfolio 339770 0 0 0 0 0 40799 0 0 0 380569 0 0 0 Dr David Prout Pro Vice Chancellor with portfolio 306671 0 0 0 0 0 36800 0 0 0 343471 0 0 0 Gill Aitken Registrar 293040 0 0 0 0 0 35165 0 0 0 328205 0 0 0 Professor Chas Bountra Pro Vice Chancellor with portfolio 257852 0 0 0 0 0 40156 0 0 0 298008 0 0 0 Mr Richard Ovenden Bodley's Librarian & Head of GLAM 241618 0 0 0 0 0 38600 0 0 0 280218 0 0 0 Professor Martin Williams Pro Vice Chancellor with portfolio 224930 0 0 0 0 0 41172 0 0 0 266102 0 0 0 Professor Anne Trefethen Pro Vice Chancellor with portfolio 231706 0 0 0 0 0 50049 0 0 0 281755 0 0 0 Professor Patrick Grant Pro Vice Chancellor with portfolio 224130 0 0 0 0 0 48170 0 0 0 272300 0 0 0 Professor Sam Howison Head of MPLS (to Sep 23) 187529 0 0 0 0 0 34259 0 0 0 221788 0 0 0 Professor Timothy Power Head of the Social Sciences Division 198542 0 0 0 0 0 42688 0 0 0 241230 0 0 0 Professor Daniel Grimley Head of the Humanities Division 198210 0 0 0 0 0 42688 0 0 0 240898 0 0 0 Schedule J, Part I, Line 1a The former Vice-Chancellor was required to reside in a property appropriate for undertaking University duties whilst in post. This living accommodation provided to the former Vice-Chancellor, gave rise to chargeable benefits. Schedule J, Part I, Line 5 Schedule J, Part I, Line 5 - Nigel Portwood, Giles Spackman, Tim Fulton, Fathima Dada, and David Clark were paid bonuses dependent on achievement of OUP's Group and Divisional objectives, sales, surplus, and cash conversion. Schedule J, Part I, Line 6 Schedule J, Part I, Line 6 - Nigel Portwood, Giles Spackman, Tim Fulton, Fathima Dada, and David Clark were paid bonuses dependent on achievement of OUP's Group and Divisional objectives, sales, surplus, and cash conversion. Schedule J, Part I, Line 7 The outgoing Vice-Chancellor received a payment in lieu of her entitlement to take a sabbatical in line with undertakings given when her term was agreed in 2015. X 6 6911628 Appraisal X 1 4685505 Appraisal X 166012 Appraisal X Mo Amin photographic archive 1 892512 Appraisal X Jonathan Horne English Pottery Collection 1 552633 Appraisal X Super Resolution Microscopes 2 420198 Appraisal X Various Archives 2 111446 Appraisal 0 1 1 Schedule M, Part I, Line 32b Heritage assets are capitalised in the financial statements at cost or deemed cost, where applicable. The University uses independent valuations for assets donated or acquired through schemes like the Acceptance in Lieu of Tax scheme managed by Arts Council England in conjunction with HM Revenue & Customs. These assets are accounted for at the equivalent tax value they are assigned when donated in lieu of tax. Where independent valuation is not feasible, the University relies on the expertise of its in-house curators. These experts are recognised authorities in their fields and intimately familiar with the collections they manage, ensuring accurate and fair valuations. Form 990, Part V, Line 3b The University has requested an extension to the filing deadline for form 990-T. Form 990, Part VI, Section A, Line 4 During the financial year 1 August 2023 to 31 July 2024, the University made the following changes to its statutes: Statute V: References to St Stephen's House PPH, which closed on 30 September 2023, have been removed. Statute VI: References to Council's delegation of powers concerning the Employment of Academic and Support Staff by the University to the Personnel Committee were changed to the People Committee. Statute IX: Changes were made to time limit the role of the Chancellor, in recognition of it being an unremunerated post and to permit the flexibility to alter the duration of the period of office to prevent the coincidence of a newly appointed Vice-Chancellor and a new elected Chancellor. Statute XVI: Changes were made to incorporate Intellectual Property 'rights retention' under Creative Commons on an opt-out basis to support the self-archiving route to open access. All changes to statutes require the approval of Congregation. Regulations are amended on a regular basis and are too numerous to list here. Form 990, Part VI, Section A, Line 7a Congregation, the University's ultimate legislative body, is composed of virtually all academic staff and certain research support staff, administrators and librarians. Members of Congregation elect eleven members of Council and approve the appointment of the four external members of Council. Form 990, Part VI, Section A, Line 7b Congregation has responsibility for considering major policy issues submitted to it by Council or members of Congregation; elects members to certain University bodies, including Council; and approves changes to the University's statutes and regulations, which define the University's governance structure. Form 990, Part VI, Section B, Line 11b While the University's financial statements are being prepared, meetings are arranged with key finance/tax personnel to identify changes from the previous year's Form 990 or in applicable law, to agree methodologies for gathering information and to agree a timetable for completion and review of the Form 990. Once the University's financial statements have been signed off, figures are collated and reconciled to the financial statements. A review is done at this stage by key tax/finance staff to ensure accuracy and completeness. Prior to submission, a final review of the Form 990 is undertaken by key staff including the Head of Tax and the Group Tax Director on behalf of Council (the University's governing body). Additionally, external professional review of the completed Form 990 is sought periodically to safeguard ongoing compliance and to ensure that appropriate disclosures are made. Form 990, Part VI, Section B, Line 12c The University has a conflict of interest committee, the remit of which includes ensuring that there are appropriate systems in place to promote and monitor compliance with the University's policy on conflict of interest. Committee secretaries are asked to draw the conflict of interest policy to the attention of their members on an annual basis and to remind committee members at each meeting of the requirement to declare any conflicts or potential conflicts. Form 990, Part VI, Section B, Line 15 The University has a Senior Remuneration Committee (SRC) responsible for setting and reviewing the remuneration of senior University officers, specifically the Vice-Chancellor, Registrar, Pro-Vice-Chancellors, Heads of Division, Director of Finance and Dean of the Business School. The SRC consists of three external members (two are external members of Council), one of whom is chair; one of the Proctors or the Assessor of the University; one member of Congregation appointed by Council from its elected members; and two other external members. Council may co-opt one additional member who may be internal or external. At all times, the Committee will be comprised of primarily lay members. The committee determines salaries on appointment and reviews remuneration biennially to ensure it remains appropriate. In setting senior remuneration packages the SRC will ensure fair (equitable), appropriate and justifiable levels of remuneration, taking account of: * the context in which the University operates and institutional performance within that context; * the remit and responsibilities of a role, and attributes required to undertake that role effectively; * the market rate in UK Universities for jobs of comparable scale and type. Benchmarking information is used and interpreted based on the scale, structure and ambition of the University. Where it is relevant the Committee may take account of evidence about the international market for comparable roles * factors in addition to the market rate which might lead to an adjustment to the salary, including: o the academic discipline of the individual; o their track record in academic and leadership roles; o internal relativities for jobs of comparable scale and type. The pattern of pay is checked against the relative size and complexity of the roles; and o retention and flight risk, where there is a clear and evidenced concern. Form 990, Part VI, Section C, Line 19 The University's governing documents can be found on the University website at https://governance.admin.ox.ac.uk/legislation/statutes. Financial statements are also available at https://www.ox.ac.uk/about/organisation/finance-and-funding?wssl=1. The University's conflict of interest policy, along with other ethical policies can be found at https://researchsupport.admin.ox.ac.uk/governance/integrity. Form 990, Part XI, Line 9 Net exchange rate gains: $ 58,542,355; Movement on pension liability: ($ 12,822,878); other changes in net assets ($ 16,131,575) Oxford Univ Dev (NA) Inc 500 Fifth Avenue 32nd Floor New York NY 10110 133497066 Fundraising NY 501(c)(3) 9 N/A 0 Oxford Endowment Fund King Charles House Park End Street Oxford Oxfordshire UK OX1 1JG 980680056 Funds Management UK 501(c)(3) 11a The Chancellor Master & Scholars of the University of Oxford 1 Oxford University Innovation Limited University Offices Wellington Square Oxford UK OX1 2JD Research UK The Chancellor Master & Scholars of the University of Oxford C 53915 107323739 1 1 Oxford University Innovation (Hong Kong) Limited Level 12 Infinitus Plaza 199 Des Voeuz Road Central Sheung Wang Hong Kong HK Research HK Oxford University Innovation Limited C 0 0 1 1 Oxford Limited University Offices Wellington Square Oxford UK OX1 2JD Retail UK The Chancellor Master & Scholars of the University of Oxford C 290095 676055 1 1 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